Next Edge

SEPTEMBER STATS

🏡 Market Snapshot

• Market Stats: Prices up slightly YoY but down MoM down 1.1%, 3rd month in row of price declines! Inventory up 35% YoY and down .9% MoM. Days on market at 33 days up 18% MoM. Interest rates dipped and then went back up and are holding at 6.36%. More sales then last year by 10%!

• Buyers: You are a buyer: Be more aggressive with your offer, ask for closing costs, keep your Due Diligence lower, ask for rate buy downs or concession to pay for your buyers agent. Look to New Construction. Builders offer great incentives especially this time of year including rate buy downs! They are also willing to take “contingency on sale

• Sellers: If you are a seller: Depending on your personal situation it may be best to wait until Q1 of 2026 to sell your home. Homes in top condition, in popular locations will still sell during Q4 but if you can you will net more money waiting until Q1.

Please note: The answer to all real estate questions are “it depends”. Homes, locations, zip codes, subdivisions and most importantly, your goals all play a part in real estate advice. Above is guide to what we are seeing in the overall market.

REAL ESTATE
New Construction - The time is NOW!!!

🏗️ New Construction: A Smart Move for Buyers in North Carolina

In the current market, new construction homes present a fantastic opportunity for buyers in North Carolina. With the market a bit slower right now, builders are highly motivated to sell their inventory by year-end. This means attractive incentives for buyers, including:

• Rate buy-downs, making your mortgage more affordable

• Closing cost assistance to reduce your upfront expenses

• Design packages that let you customize your new home

Moreover, builders are often open to contingency on sale contracts. This means you can secure your new construction home now, and the purchase can be contingent on selling your current home. As the new home might not be ready for several months, you have the flexibility to sell your existing home later, potentially in a stronger spring market when demand and rates might be more favorable.

In short, now is a fantastic time to consider new construction. You get great incentives today and the flexibility to time the sale of your current home for a more optimal market condition.

Additionally, we’re proud to be new construction experts, guiding you through the entire process with ease. Plus, if you buy new construction with us and also sell your current home, we offer a 1% reduction in your listing fee. This means more savings and a seamless experience from start to finish.

If you’re ready to explore new construction opportunities, reach out to us today. We’re here to help you every step of the way!

DEAL OF THE WEEK
Briar Chapel Gem

I am super surprised this home is still available. Former Parade of Homes winner on a corner lot. Theater room, whole home air filtration, screened porch, fire pit and more. 3807 sq ft 5/4 built in 2017. Conveniently located near local shops, dining, and tons of community amenities, this home offers easy access to everything Chapel Hill has to offer—Call/Text Eddie at 984-363-8611 to schedule a showing!!

^{Listing courtesy of Mark Stephens with Redfin.}

TRIVIA
Weekly fun fact!

The US has a housing shortage. According to Zillow, how many homes do we need?

REAL ESTATE
Bibbidi-Bobbidi-Boo! Disney Magic is Coming to Pittsboro, NC!

Get ready to dream! Exciting news is on the horizon for Pittsboro, North Carolina, as a new Storyliving by Disney community, Asteria, is set to grace the landscape. Nestled just outside the bustling Raleigh area within the thoughtfully designed Chatham Park, Asteria promises a unique blend of big-city conveniences and the charm of a close-knit town. This enchanting project is a collaboration between the magic makers at Storyliving by Disney and the award-winning developer DMB Development, signaling a thoughtfully planned and high-quality community.  

But Asteria will be more than just a neighborhood; it's envisioned as a vibrant community infused with the storytelling and exceptional service that Disney is renowned for. Imagineers, the creative force behind Disney's theme parks, are lending their expertise to the placemaking, drawing inspiration from the natural beauty and rich heritage of North Carolina. This ensures a community that not only feels magical but also deeply connected to its surroundings, with the very name "Asteria" paying homage to the native Carolina Aster flower.  

Life in Asteria is designed with everyone in mind. Plans include approximately 4,000 residences, offering a variety of single-family and multi-family homes to suit different lifestyles. Notably, some home sites will be specifically designated for residents aged 55 and over, fostering a diverse and inclusive community. Residents can look forward to a plethora of amenities designed to encourage community and well-being, including a clubhouse, wellness center, community garden, and an extensive network of trails perfect for exploring the natural beauty of the area. Sport courts, swimming pools, a restaurant, and outdoor spaces for gatherings and events will further enhance the living experience. Adding a touch of Disney magic, enrichment programming is in the works, with possibilities like Disney-themed games, storytelling dinners, and even classes with Disney artists being considered.  

While the magic is still in the making, the anticipation is building as home sales are expected to begin by 2027. This exciting development marks a significant expansion of the Disney brand into residential living, leveraging their expertise in creating immersive experiences and fostering strong community bonds. The strategic location near the Research Triangle Park further enhances Asteria's appeal, offering residents a unique opportunity to enjoy a Disney-inspired lifestyle within easy reach of major employment and cultural hubs.  

Stay tuned for more updates on this enchanting community. Perhaps your next chapter, filled with a touch of Disney wonder, awaits in Pittsboro's Asteria.

ANSWER

^{4.7 million homes!}